Loan for Walvis Bay

The African Development Bank (AfDB) is to lend Portos e Caminhos de Ferro de Moçambique EP (The Mozambique Rail and Port Authority – CFM) US$40M and act as a facilitator with other lenders to secure a further US$30M.

The African Development Bank has agreed to finance dredging work at the Port of Bissau in the West African state of Guinea-Bissau

The African Development Bank is assessing bids for the contract for a consultancy to undertake a feasibility study into the construction of a new port at Manakara on the southeast coast of Madagascar

The future of the planned new Nigerian port of Lekki has been cast in doubt after International Container Terminal Services Inc (ICTSI) pulled out of the project

The Algerian Government is moving ahead with its plan to develop a new hub port at El Hamdania which is located approximately 70km west of the country’s main port and commercial city Algiers.

The Namibian Government’s aim to handle and process a larger slice of southern and central Africa’s imports and exports is gaining momentum as new bonded facilities in Walvis Bay are opened/ developed. Botswana, Zambia and Zimbabwe have all received parcels of land in the port to construct their respective facilities, and while Zambia and Botswana have commenced operations at theirs, Zimbabwe has just started preparing the ground for its terminal.